Trading Made Simple for Day Charts | Page 69 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,900 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

Charts, Charts, Charts! 1 reply

Trading Made Simple Charts Journal 2 replies

Attachments: Trading Made Simple for Day Charts
Exit Attachments

Trading Made Simple for Day Charts

  • #1,361
  • Mar 19, 2013 6:18pm Mar 19, 2013 6:18pm
Quoting Britpip7
The 5ema was only there for decoration really - not used for entry decisions. I'll update post # 1

Currently running with the following EMAs

21 / 50 / 100 / 200

all are typical hlc/3
Much obliged
  • #1,362
  • Mar 19, 2013 6:25pm Mar 19, 2013 6:25pm
Quoting Britpip7
The 5ema was only there for decoration really - not used for entry decisions. I'll update post # 1

Currently running with the following EMAs

21 / 50 / 100 / 200

all are typical hlc/3
Just a thought regarding the 21. Do you use it for anything other than potential support or resistance?
  • #1,363
  • Mar 19, 2013 7:56pm Mar 19, 2013 7:56pm
Quoting Buttonjock
Just a thought regarding the 21. Do you use it for anything other than potential support or resistance?
If a candle crosses and closes above / below the ema21, it is another entry signal that can be taken
"To live with Passion, it takes Courage and Grace to survive"
  • #1,364
  • Mar 20, 2013 2:27pm Mar 20, 2013 2:27pm
Quoting Britpip7
If a candle crosses and closes above / below the ema21, it is another entry signal that can be taken
That would be in addition to all the normal requirements, of course?
  • #1,365
  • Mar 20, 2013 6:29pm Mar 20, 2013 6:29pm
Quoting Buttonjock
That would be in addition to all the normal requirements, of course?
Not necessarily additional but as a supplemental note, figure that when PA crosses and closes above / below the ema 21 then it is usually a good indicator for a move.

This evolved on candles as opposed to APB and I have yet to backtest it with TDI, so I advise caution for adding a new entry criteria to your trading plan without fully testing it.
"To live with Passion, it takes Courage and Grace to survive"
  • #1,366
  • Mar 20, 2013 9:29pm Mar 20, 2013 9:29pm
Ok after some more chart study i have decided since im only demo trading and its not real money im gonna try an experiment for a while.For maybe the next month or so im gonna trade every decent cross of the tdi.What im also gonna do is put a 100 pip take profit and a stop loss at the previous candle low or high.Lets see what happens.
  • #1,367
  • Mar 20, 2013 11:12pm Mar 20, 2013 11:12pm
Quoting kingclarence
Ok after some more chart study i have decided since im only demo trading and its not real money im gonna try an experiment for a while.For maybe the next month or so im gonna trade every decent cross of the tdi.What im also gonna do is put a 100 pip take profit and a stop loss at the previous candle low or high.Lets see what happens.
Don't forget to post charts and keep to the rules with TDI cross and APB Colour change

Happy pip hunting
"To live with Passion, it takes Courage and Grace to survive"
  • #1,368
  • Mar 20, 2013 11:15pm Mar 20, 2013 11:15pm
Quoting Britpip7
Don't forget to post charts and keep to the rules with TDI cross and APB Colour change

Happy pip hunting
Im gonna start tomorrow and ill try my best to remember to start posting charts
  • #1,369
  • Mar 20, 2013 11:28pm Mar 20, 2013 11:28pm
After several recent chart sessions, it becomes clear that the charts do actually speak volumes.

Here is an example where the TDI signal and RSI lines have pulled away from the mid zone and PA has pushed away from the EMA21. Typically this results in a PA stall as we are seeing now on this pair and then a retrace for the TDI back to the mid zone, especially when it is running under the 50 level. This will also reult in PA pulling back to the EMA21.

Worth a more serious look at the history of TDI patterns and PA pulling away from EMA21 to see how reliable it is. One thing to note is that when TDI signal and RSI lines have pulled away and rreach into OB / OS territory, the pullback is stronger.

Another observation is that when the TDI mid zone line is running at the 32 / 68 levels, there is a very good chance of a strong reversal move, especially Day and H4 charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: tdi and pa patterns.gif Size: 36 KB
Click to Enlarge Name: tdi and pa patterns 2.gif Size: 38 KB
Click to Enlarge Name: tdi mid zone 32 reversal.gif Size: 31 KB
Click to Enlarge Name: tdi mid zone 68 reversal.gif Size: 32 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,370
  • Edited 4:12pm Mar 21, 2013 3:51pm | Edited 4:12pm
Ok so im currently still in this Gbp/Usd trade lol.I almost jumped out a few times but im riding it out lol.My stop loss is actually like 135 pips and it just barely missed it but the trade appears to be about to make an up turn.

Attached Image (click to enlarge)
Click to Enlarge Name: Forex 2.png Size: 45 KB


Ok so i just got my new daily candle a few minutes ago.If you notice the tdi is doing something i talked about a few posts back.Breaking the top of the bands.This is usually a good sign so im gonna stay in this one.

Attached Image (click to enlarge)
Click to Enlarge Name: forex 3.png Size: 50 KB
  • #1,371
  • Mar 21, 2013 6:35pm Mar 21, 2013 6:35pm
I took the following three trades today.All with a 100 pip take profit.

Attached Image (click to enlarge)
Click to Enlarge Name: Forex 4.png Size: 51 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Forex 5.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Forex 6.png Size: 51 KB
  • #1,372
  • Mar 22, 2013 1:43pm Mar 22, 2013 1:43pm
Quoting kingclarence
I took the following three trades today.All with a 100 pip take profit.

Attachment

Attachment

Attachment
We are all with you on your live testing - keep us posted and best of luck
"To live with Passion, it takes Courage and Grace to survive"
  • #1,373
  • Mar 22, 2013 1:44pm Mar 22, 2013 1:44pm
Thought for the day on TDI entries on the Day charts and how to use the H4 to clarify / confirm the PA moves
Attached Image(s) (click to enlarge)
Click to Enlarge Name: tdi day chart entries.gif Size: 35 KB
Click to Enlarge Name: tdi h4 chart entry from day chart settings.gif Size: 43 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,374
  • Mar 22, 2013 9:56pm Mar 22, 2013 9:56pm
Ok so currently this is what my trades are looking like

Cad/Jpy +20

Gbp/Nzd +8

Gbp/Usd +146

Eur/Jpy -38

It was a point last night when i was up a combined 400 pips.I actually though about closing but im gonna ride them out.Im starting to kinda get in my old groove and remember what i used to do back when this thread started and i was way more sucessfull.I guess some people over trade well i been under trading lately.Going back to my old style.Take the good crosses and bounces and just ride em out.

When you do it like that usually you will have more winners than losers and at least one might be a home run.
  • #1,375
  • Mar 23, 2013 12:37am Mar 23, 2013 12:37am
E/U good to watch!
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 36 KB
  • #1,376
  • Mar 23, 2013 1:10am Mar 23, 2013 1:10am
Quoting biDc
E/U good to watch!
Agreed - Bullish convergence

Higher Highs, higher closes

APB colour change which is a text book candle shape

Coincides with a TDI cross

fingers crossed for no crazy gaps on market open and look for PA to continue north.
Attached Image (click to enlarge)
Click to Enlarge Name: eu day 3-22-2013.gif Size: 40 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,377
  • Mar 24, 2013 2:43pm Mar 24, 2013 2:43pm
Quoting kingclarence
Ok so im currently still in this Gbp/Usd trade lol.I almost jumped out a few times but im riding it out lol.My stop loss is actually like 135 pips and it just barely missed it but the trade appears to be about to make an up turn.

Attachment

Ok so i just got my new daily candle a few minutes ago.If you notice the tdi is doing something i talked about a few posts back.Breaking the top of the bands.This is usually a good sign so im gonna stay in this one.

Attachment
What was your initial stop on the gbpusd? Looked at this as a trade but mine was over 300 pips and the top ran smack into the 21 ema as resistance; too big
  • #1,378
  • Edited 3:59pm Mar 24, 2013 3:43pm | Edited 3:59pm
Quoting Buttonjock
What was your initial stop on the gbpusd? Looked at this as a trade but mine was over 300 pips and the top ran smack into the 21 ema as resistance; too big
Lol....when i said stop loss i meant to say take profit...pardon me lol.

It actually looks like this run may go on for a while being that the candles look good and the green tdi line is breaking the top of the bands.

Attached Image (click to enlarge)
Click to Enlarge Name: Forex 9.png Size: 50 KB
  • #1,379
  • Mar 24, 2013 4:03pm Mar 24, 2013 4:03pm
Quoting Buttonjock
What was your initial stop on the gbpusd? Looked at this as a trade but mine was over 300 pips and the top ran smack into the 21 ema as resistance; too big
I had my SL set below the H4 Fractal Lows, so only had 100 pips of risk. Unfortunately, I was too aggressive when I moved my SL to BE which was 35pips under the PA and it was hit.

Lesson learned - keep the SL below the 21EMA until PA takes off then manage on either H4 Fractals or off of the low from 2 candles back!
Attached Image (click to enlarge)
Click to Enlarge Name: gb be trade 3-20-2013.gif Size: 30 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,380
  • Mar 24, 2013 9:06pm Mar 24, 2013 9:06pm
Post #1 updated to reflect the latest chart cleanup

http://www.forexfactory.com/showthre...334035&page=35
"To live with Passion, it takes Courage and Grace to survive"
1 trader viewing now